Wyckoff Wave Chart - Aussie Stock Forums

1. ## Wyckoff Wave Chart

I am continuing to re-read the Wyckoff course. In Section 22M it specifically deals with "The Wave Chart."

I would like to know how people incorporate this into their trading.

I understand the basics, that by looking at the waves you can tell the duration of moves and strength of moves relative to other waves. I understand that it is useful for determining the quality of the wave by using; quality = volume/time.

My question is: Does anyone construct these charts and total up the volume and duration of each wave? Or do you look at it in a more general sense which obviously becomes clearer and easier with practice and experience?

2. ## Re: Wyckoff Wave Chart

Originally Posted by pavilion103
I am continuing to re-read the Wyckoff course. In Section 22M it specifically deals with "The Wave Chart."

I would like to know how people incorporate this into their trading.

I understand the basics, that by looking at the waves you can tell the duration of moves and strength of moves relative to other waves. I understand that it is useful for determining the quality of the wave by using; quality = volume/time.

My question is: Does anyone construct these charts and total up the volume and duration of each wave? Or do you look at it in a more general sense which obviously becomes clearer and easier with practice and experience?

This is an example. It is one of their indicators.

volume/time is "cumulative volume".
cheers joea

3. ## Re: Wyckoff Wave Chart

Originally Posted by pavilion103
I am continuing to re-read the Wyckoff course. In Section 22M it specifically deals with "The Wave Chart."

I would like to know how people incorporate this into their trading.
I will attempt to give my thoughts.
I do not have a wave indicator. I am looking for a stock with a preferred move.
There are approx. 27 Indices. Each has a Index composition.

A specific Indices can be observed or compared to the XAO or XJO by RSC.
The Indices preferred is selected, and a scan can be run on the Index composition.
This will pick the stocks that are behind the movement of the wave.
Stocks to trade can then be selected on their merit.

I am looking for the best stock with strength in an Indices or commodity, relative to the market chosen to trade.

I you intend to buy a book. Check the contents, glance through the chapters, then make a decision.
If you buy a apple, check the preferred type, look at the individual fruit and select the apples with no bruises.
KISS... Keep it Simple Stupid. It my motto for me.
joea

4. ## Re: Wyckoff Wave Chart

Originally Posted by joea

This is an example. It is one of their indicators.

volume/time is "cumulative volume".
cheers joea
Not sure what you are advising. Are you suggesting clicking through to the "Indicator Library" page?

5. ## Re: Wyckoff Wave Chart

Originally Posted by tinhat
Not sure what you are advising. Are you suggesting clicking through to the "Indicator Library" page?
On home page there is a cluster of small print in the middle on the bottom.
Indicator explains the indicators.
Education has a list of books and a couple of PDF's that will open.

When these fellows wrote some of this there were no computers and probably no indices.

Now you can use a commodity or indices. All the hard work is done.
e.g. take gold index. If it is moving up, and XJO is moving up, check your gold watch list for the stocks ready to move up. (I ensure the \$us is on the way down.).
joea

joea

6. ## Re: Wyckoff Wave Chart

Originally Posted by pavilion103
I am continuing to re-read the Wyckoff course. In Section 22M it specifically deals with "The Wave Chart."

I would like to know how people incorporate this into their trading.

I understand the basics, that by looking at the waves you can tell the duration of moves and strength of moves relative to other waves. I understand that it is useful for determining the quality of the wave by using; quality = volume/time.

My question is: Does anyone construct these charts and total up the volume and duration of each wave? Or do you look at it in a more general sense which obviously becomes clearer and easier with practice and experience?
"My question is: Does anyone construct these charts and total up the volume and duration of each wave?"

Read-read 22M paying special attention to page14 footnote: "These comparisons should be made when...market is becoming critical... To make them every... will result in confusion and needless expenditure of time and effort."

"I would like to know how people incorporate this into their trading."

But be careful in substituting the "Weis wave indicator" or "Ord volume" for Wyckoff's Tape Reading chart or the "Wave chart".

These both fall short.

If you posted this last year and had questions on 22M, you are probable doing just fine by now.

7. ## Re: Wyckoff Wave Chart

looks like an ATR

8. ## Re: Wyckoff Wave Chart

Originally Posted by >Apocalypto<
looks like an ATR
It isn't.
In fact it is not a mathematical indicator, it isn't even an indicator. At least how most think of these things.

9. ## Re: Wyckoff Wave Chart

Originally Posted by muir
It isn't.
In fact it is not a mathematical indicator, it isn't even an indicator. At least how most think of these things.
ease up GF i was having a little fun.

10. ## Re: Wyckoff Wave Chart

Originally Posted by >Apocalypto<
ease up GF i was having a little fun.
"Susan Calvin: Are you being funny?"

"Detective Del Spooner: I guess not."

11. ## Re: Wyckoff Wave Chart

Wyckoff trading method / Jump Over Creek

12. ## Re: Wyckoff Wave Chart

Originally Posted by Stock Jock
[CENTER]Wyckoff trading method / Jump Over Creek
Are you sure that's the right link? My Russian is a little rusty.